Protein Purification And Isolation Global Market Report 2023
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LONDON, GREATER LONDON, UK, November 9, 2023 /EINPresswire.com/ — The global protein purification and isolation market is poised for remarkable growth, anticipated to escalate from $7.77 billion in 2022 to $8.58 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 10.4%. Despite the challenging economic landscape induced by the Russia-Ukraine conflict, the protein purification and isolation market remains robust, driven by increased government spending on research and development within the pharmaceutical and biotechnology sectors.
Driver: Surge in Government Spending on Research and Development
The projected market expansion is attributed to the substantial surge in government spending on research and development activities within the pharmaceutical and biotechnology industries. The substantial investments made by governments worldwide in research and development facilitate the advancement of protein purification processes and contribute to the development of advanced products and services. Notably, increased spending in this domain has led to the purification of critical growth factors, hormones, DNA polymerases, and reverse transcriptase, thereby propelling the overall growth of the protein purification and isolation market.
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Notable Trend: Technological Advancements in Protein Purification
A notable trend within the protein purification and isolation market is the rapid proliferation of technological advancements, fostering the development of innovative solutions and products. Market players are actively engaged in the development of cutting-edge technologies to gain a competitive edge and bolster their market presence. Recent advancements in this space include the launch of the KingFisher Apex Purification System by Thermo Fisher Scientific, designed to streamline the protein and cell isolation process. Leveraging automation technology, this system enables fast and error-free sample preparation, catering to the evolving demands of the pharmaceutical and biotechnology sectors.
Key Market Segments and Leading Players
The market segments within the global protein purification and isolation industry include:
• Product: Instruments, Consumables
• Technology: Ultrafiltration, Precipitation, Preparative Chromatography, Electrophoresis, Western Blotting, Dialysis and Diafiltration, Centrifugation
• Application: Drug Screening, Protein-Protein Interaction Studies, Biomarker Discovery, Target Identification, Protein Therapeutics, Disease Diagnostics and Monitoring
• End User: Academic Medical Institutes, Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Contract Research Organizations
Prominent entities within the protein purification and isolation market landscape include Abcam PLC, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., and GE Healthcare, among others.
While North America dominated the protein purification and isolation market in 2022, the Asia-Pacific region is expected to emerge as a key growth driver during the forecast period. The regions analyzed within the comprehensive report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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Protein Purification and Isolation Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Protein Purification and Isolation Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on protein purification and isolation market size, protein purification and isolation market drivers and trends, protein purification and isolation market major players, competitors’ revenues, protein purification and isolation market positioning, and market growth across geographies. The protein purification and isolation market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as Global Protein Purification and Isolation Market Set to Reach $12.44 Billion by 2027